Progress Software (PRGS) Set to Release Earnings on Wednesday

Progress Software (NASDAQ:PRGS) is expected to be posting its Q3 2026 results after the market closes on Wednesday, September 30th. Analysts expect the company to announce earnings of $1.52 per share and revenue of $247.3260 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q3 2026 earning report page for the latest details on the call scheduled for Wednesday, September 30, 2026 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS) last released its quarterly earnings data on Tuesday, June 30th. The software maker reported $1.62 EPS for the quarter, beating the consensus estimate of $1.46 by $0.16. Progress Software had a return on equity of 43.07% and a net margin of 8.87%.The company had revenue of $253.47 million for the quarter, compared to analyst estimates of $242.74 million. During the same period last year, the company posted $1.40 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, analysts expect Progress Software to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Progress Software Price Performance

Shares of NASDAQ PRGS opened at $39.41 on Tuesday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.65 and a beta of 0.82. Progress Software has a 1-year low of $23.82 and a 1-year high of $47.37. The business has a 50-day moving average of $42.06 and a 200-day moving average of $35.03. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.81 and a quick ratio of 0.81.

Insider Buying and Selling

In other Progress Software news, EVP Sundar Subramanian sold 10,597 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $38.27, for a total value of $405,547.19. Following the completion of the sale, the executive vice president directly owned 18,370 shares in the company, valued at $703,019.90. This represents a 36.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Guggenheim reissued a “buy” rating and set a $83.00 price target on shares of Progress Software in a research report on Wednesday, July 1st. Oppenheimer decreased their target price on Progress Software from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Weiss Ratings upgraded Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Jefferies Financial Group raised Progress Software to a “hold” rating in a research report on Friday. Finally, DA Davidson boosted their price target on shares of Progress Software from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Progress Software currently has an average rating of “Moderate Buy” and a consensus target price of $52.17.

Progress Software Company Profile

Progress Software Corporation (NASDAQ: PRGS) develops enterprise software designed to help organizations build, deploy, manage and secure business applications and digital services. Its portfolio supports application development, data connectivity, integration, file transfer, application performance monitoring and network management across cloud, hybrid and on-premises environments.

The company’s products and brands include OpenEdge for developing and deploying business applications; DataDirect for data connectivity; MOVEit for managed file transfer; WhatsUp Gold and Flowmon for network monitoring and visibility; Chef for infrastructure and application automation; Sitefinity for digital experience management; and Telerik and Kendo UI for user interface and development tools.